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Corporate Summary

•    Pfizer Inc. (NYSE:PFE) reported first quarter earnings per share of $0.58, beating the Zacks Consensus Estimate of $0.56

•    Archer Daniels Midland Company (NYSE:ADM) rose 7.1% after the agriculture-business giant posted third quarter earnings per share of $0.68, beating the Zacks Consensus Estimate of $0.60

•    Avon Products, Inc. (NYSE:AVP) fell 8% after it reported first quarter earnings per share of $0.10, missing the Zacks Consensus Estimate of $0.28

•    Shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) gained 8.22% after Time Warner Inc. (NYSE:TWX) agreed to advance a loan amount of $300 million to the former and subsequently increase its stake to 40%

•    Chesapeake Energy Corporation (NYSE:CHK) rose 6.3% after the co-founder and CEO Aubrey McClendon was forced to give up the chairmanship due to objection of shareholders over his personal financial dealings and the stock's poor performance

•    Huntsman Corporation (NYSE:HUN) gained 8.9% after it posted first quarter earnings per share of $0.74,   breezing past the Zacks Consensus Estimate of $0.40 by 34 cents

•    Shares of P.F. Chang's China Bistro (NASDAQ:PFCB) rose 29.7% after it agreed to be acquired by a private equity firm Centerbridge Partners, L.P. for $ 1.1 billion approximately

•    Arrow Electronics, Inc. (NYSE:ARW) lost 8.7% after it posted first quarter earnings per share of $1.05, missing the Zacks Consensus Estimate of $1.07

•    Domino's Pizza, Inc. (NYSE:DPZ) fell 9.3% after it reported first quarter earnings per share of $0.47, missing the Zacks Consensus Estimate of $0.49

•    Emerson Electric Co. (NYSE:EMR) were down 6.4% after it lowered its 2012 earnings forecasts to a range of $3.35 to $3.50 per share from $3.45 to $3.60 per share
 

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